WILL THERE BE FIRE WHERE THERE’S SMOKE?

Both the restaurant and financial worlds were holding their breath last week when casual dining giant Darden reported earnings for its fourth quarter and fiscal year, both of which ended May 25, 2008. But no one was watching closer than the people at Sun Capital Partners. That’s the firm that bought Smokey Bones Barbeque & Grill, shortly after Darden shuttered 56 underperforming units in May, 2007. Did Sun Capital make the right deal at the right time…or did Darden get out while the ...

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